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Peter Carr Selected as 2010 IAFE Financial Engineering of the Year

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In a 2008 interview with Quantnet, Carr contributed “collaboration with some of the best minds in the business” to his successful career. When asked what he believes are the essentials of a successful financial engineer, Carr replied, “I think its being able to assimilate some deep ideas into the core of your being. One can reap financial rewards from a superficial understanding, but the real rewards lie deeper.”

Two years later, his belief is shared and validated.

The International Association of Financial Engineers (IAFE) and SunGard today announced that Peter Carr, managing director and global head of market modeling for Morgan Stanley, has been named the 2010 IAFE/SunGard Financial Engineer of the Year (FEOY). The award will be presented to Dr. Carr on February 10, 2011, at the New York Stock Exchange in New York City, during the IAFE/SunGard FEOY Award Gala Dinner. This year’s selection committee was chaired by Dr. Bob Litterman, an IAFE senior fellow and the 2008 FEOY award winner.

Brian Traquair, president of SunGard’s capital markets and investment banking business, said, ““Peter Carr has distinguished himself with a number of important contributions to financial engineering. In addition, his dedication to training the financial engineers of tomorrow makes it fitting that he is awarded the title of 2010 Financial Engineer of the Year.”

Peter Carr moved to Morgan Stanley in April after seven years as head of quantitative financial research at Bloomberg. A well-known figure among the quant finance community in New York City, Carr is well liked by many of his students and peers for his very down to earth personality.

Quantnet article Peter Carr Selected as 2010 IAFE Financial Engineer of the Year - Quant Network
IAFE/SunGuard press release
 
Peter is obviously a worthy recipient of this award. He is in the small group of Quants that actually move this profession forward rather than implementing and replicating the work of others.
 
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